Contract For Deed financing

[Matt Skog]

I have been seeing a lot of RTO (Rent To Own) listings lately.

Knowing the difference between that, and CFD (Contract For Deed) in looking for a place to own rather than rent, can save you countless hassles.

Many real estate agents don't have to use CFD as a financing tool, but would make out far better in the long run if they did.

In seeking a decent place for people to live, I like to look for places that have paid down the principal owed significantly.

Not to say that you can't use appreciation, but I see far too many people hurting by counting on it.

We are about to go through a huge shift in mortgage rate affordability, with rates sure to rise to over 10% in the next few years.